Employment in the Fabricated Metal Products sector in Sweden has shown fluctuations over the past decade. From a peak in 2013, employment has generally trended downwards with occasional upticks. The most notable drop occurred in 2020, with a significant decline of 11.25% year-on-year, likely due to the global pandemic. Since then, a moderate recovery has been observed. As of 2023, employment stood at 126.3 Million Hours with a year-on-year increase of 1.91% and a 5-year CAGR of -0.47%.
Forecasts suggest a continued slight decline with a 5-year CAGR of -0.24%, pointing towards a gradual reduction in employment hours in this sector. Future trends to watch for include automation and technological advancements, economic shifts, and potential further impacts from global events like pandemics or geopolitical tensions.
